Kate Andrews comments on Labour plans

Commenting on the Labour Party’s energy nationalisation proposal, Associate Director at the Institute of Economic Affairs Kate Andrews said: "Nationalising the UK’s energy grid would jeopardise access to basic essentials, stepping back into an era of controlled industrial strategy. "In the 1990s - the decade of liberalisation in the energy market - household electricity bills  ... Continue reading

Christopher Snowdon comments on plans to expand carrier bag charges to corner shops

Commenting on the Environment Secretary's plans to double carrier bag charges and extend them to smaller shops, the IEA's Head of Lifestyle Economics Christopher Snowdon said: “The exemption for small shops reflected the fact that people don’t tend to take reusable bags with them when they pop into a corner shop. That was a sensible ... Continue reading

IEA releases report on innovation in agriculture

Britain’s agricultural productivity has stagnated at a time when the world needs to double food production to keep up with the growth of the population, according to a new IEA report.  Two papers, written by Matt Ridley and David Hill, set out how innovation in farming can lead to higher crop yields, while also releasing land ... Continue reading

IEA reacts to Theresa May's speech at Conservative Party Conference

Spokespeople from the Institute of Economic Affairs (IEA) respond to the Prime Minister's speech at Conservative Party Conference: On the speech, IEA Director General Mark Littlewood said: "The Prime Minster delivered a robust defence of the benefits of free enterprise, spelling out clearly that nationalisation of industry results in less efficient and more expensive delivery of ... Continue reading
Energy and Environment

IEA reacts to Jeremy Corbyn's party conference speech

Spokespeople from the Institute of Economic Affairs (IEA) respond to the Labour leader Jeremy Corbyn’s party conference speech. On Jeremy Corbyn's speech, IEA Director General Mark Littlewood said: “Jeremy Corbyn is right to highlight that parts of the establishment have far too much control over Britain’s economy. Westminster’s elite should not be picking winners and ... Continue reading
Energy and Environment

IEA releases report on fisheries policy post-Brexit

With Brexit, the UK has the opportunity to regain control over, and develop a modern and successful fisheries policy. Under the Common Fisheries Policy, the British fishing industry has been in decline. These policies have failed to protect fish stocks, frustrated ordinary competitive forces with protectionist subsidies, and stifled innovation and investment in the industry ... Continue reading
Energy and Environment

IEA reacts to endorsement of an energy price cap

Responding to Ofgem's support for an energy price cap, Julian Jessop, Chief Economist at the Institute of Economic Affairs said: “The government’s proposed energy price cap is, at best, a pointless gimmick, and, at worst, will actually result in higher bills and lower levels of service for many consumers. "Ofgem’s cap on the default Standard ... Continue reading

Reaction to the announcement on proposed cap on energy prices

Commenting on the announcement that the government will introduce an energy price cap, Julian Jessop, Chief Economist at the Institute of Economic Affairs, said: "The announcement that the government will impose an absolute cap on energy prices makes little economic sense. It is almost impossible for the regulator Ofgem to find the right price that ... Continue reading

Reaction to Theresa May's speech

Commenting on the Prime Minister’s speech at Conservative Party Conference, Mark Littlewood, Director General at the Institute of Economic Affairs, said: “The Prime Minister's encouraging rhetoric was followed up with the wrong policies. Saying that house prices necessitate government building is as wrongheaded as saying increased food prices require new state-run farms.  It is government ... Continue reading
Energy and Environment

Reaction to Conservative Party pledge to introduce cap on household energy bills

Commenting on the Conservative Party's pledge to introduce a price cap on household energy if they win the general election, Mark Littlewood, Director General at the Institute of Economic Affairs, said: "This type of cap is a crude intervention which will not guarantee lower bills for consumers. The move may well end up backfiring with ... Continue reading